ChainCatcher message, according to SpotOnChain monitoring, Ethereum co-founder Jeffrey Wilcke deposited 20,000 ETH to Kraken, worth 72.5 million USD.

ChainCatcher news, HashKey Group Chief Analyst Jeffrey Ding analyzed that on the betting market Polymarket, Trump's odds have surged to 90%. Meanwhile, the price of Bitcoin has also seen a historic breakthrough, briefly surpassing 75,000 USDT, with a daily increase of over 8%. This phenomenon indicates that the market's expectations for Trump's election are translating into positive investment sentiment towards Bitcoin, and the strengthening trend of Trump suggests that Bitcoin may enter a fast lane of rapid price increases.It can be seen that the skyrocketing probability of Trump's election has been regarded as the "starting gun" for the cryptocurrency market. It is expected that in the future, until Trump takes office in the White House, the digital currency market will continue to digest this positive news. A series of policies supporting cryptocurrencies that Trump promised during his campaign, including incorporating Bitcoin into the national reserve and replacing the current SEC Chairman Gary Gensler, are all seen as significant benefits for the market. Given that Trump is known for his "campaign promises must be fulfilled," we have reason to expect these policies to be gradually implemented after he takes office.The expectation of these policies being implemented, combined with the high probability of Trump's election, provides strong support for the price increase of Bitcoin and other cryptocurrencies. Market participants generally believe that Trump's victory is more favorable for the cryptocurrency industry compared to the Democratic candidate Kamala Harris. Therefore, as Trump's election probability rises, the market performance of Bitcoin and other cryptocurrencies is worth looking forward to, and investors should closely monitor relevant policy trends and their impact on the market.

ChainCatcher news, Binance announced the appointment of Jeff Li as its new Vice President of Product during the Binance Blockchain Week. Jeff will focus on expanding and enhancing Binance's product portfolio, ensuring it remains at the forefront of building the future of blockchain and Web3. Jeff Li has over 16 years of comprehensive experience in Web2 and Web3 product leadership and software engineering. During his tenure at Binance, Jeff will be responsible for leading Binance's global product and design teams.Binance CEO Richard Teng stated, "We are excited to welcome Jeff to the Binance team. He has worked at some of the world's most renowned technology companies and has extensive experience in product development. In his previous roles, he has consistently demonstrated the ability to provide innovative solutions in dynamic emerging industries, making him an ideal candidate to embody Binance's mission. We look forward to Jeff driving product development in the future and helping us continue to deliver industry-leading products to the global crypto community."

ChainCatcher news, Amazon founder and owner of The Washington Post, Jeff Bezos, stated that the decision for the newspaper to stop endorsing presidential candidates addresses the "credibility gap" troubling the media industry. "Most people believe the media is biased. Anyone who doesn't see this is not paying enough attention to reality."Bezos also mentioned that The Washington Post's actions were unrelated to former President Trump's meeting with executives from his other company, Blue Origin, on the day the announcement was made.It is reported that The Washington Post's publisher, William Lewis, announced on October 25 that the newspaper would no longer take sides in presidential campaigns, a practice it has frequently engaged in since 1978. The editorial staff had originally prepared to endorse Harris. (Jin Shi)

ChainCatcher news, according to CoinDesk, research from investment bank Jefferies shows that Bitcoin mining profits declined in September, despite Bitcoin prices remaining relatively stable, while network hash rate increased by about 1.7%. The bank noted that the average daily revenue per Exahash fell by 2.6%.Additionally, October may be more challenging for miners; although Bitcoin prices rose by about 5%, the network hash rate grew by 11%, further pressuring earnings.The report also indicated that the share of mining by North American publicly listed companies increased from 19.9% in August to 22.2% in September, with Marathon Digital mining the most Bitcoin at 705 coins, followed by CleanSpark (CLSK), which mined 493 coins.

ChainCatcher news, HashKey Jeffrey stated that since the U.S. interest rate cut, the global securities market has seen a glimmer of recovery. Following the A-share market, the Hong Kong stock market has also experienced a rare trading frenzy. According to today's closing data, the Hong Kong Hang Seng Index soared by 6.2%, with the technology index skyrocketing by 8.5%. Since September 11, the Hang Seng Index has almost risen in a straight line, currently reaching 22,448 points, approaching the 22,689 points set on January 27, 2023, marking the highest point in nearly 31 months.The trading volume in the Hong Kong stock market has exceeded one trillion for several consecutive days, with a massive influx of buy orders, leading to trading delays on the exchange's servers, a situation reminiscent of 2015. The significant price increase has strong support from trading volume, which is a clear bullish signal indicating that investors are flocking to join this trend reversal, suggesting that the turning point from bear to bull market may have arrived.What does this mean for the crypto market? Will the crypto market continue to be "bled dry," or will it see a widespread rally? Currently, the Hong Kong stock market is recovering first, and the mainland securities market is also rising due to policy reasons, but the U.S. stock market, Japanese stock market, and the cryptocurrency market have all seen declines in the past two days due to capital diversion. Historical data shows that the massive liquidity from U.S. interest rate cuts tends to lead to a general economic recovery, but funds will first flow into markets with higher returns. In the initial period, the effects of the interest rate cut may not have fully radiated, and countries may adopt certain policy measures to compete for liquidity; the current "bleeding" phenomenon may just be a manifestation of liquidity competition among different markets before the effects of the interest rate cut spread.

ChainCatcher news, the Federal Reserve announced after the FOMC meeting that the target range for the federal funds rate has been lowered from 5.25% to 5.50% to 4.75% to 5.0%, a decrease of 50 basis points.In response, HashKey Group Chief Analyst Jeffrey Ding stated: The darkness before dawn has passed, and a new wave of market momentum has begun. The Federal Reserve's 50 basis point rate cut signifies its clear concerns about the current economic environment, necessitating a more substantial initiation of the rate-cutting cycle. Recently, the global economy has faced liquidity challenges, and this rate cut decision has injected new vitality into the global financial markets.Bitcoin, as the "digital gold" of the new era, has performed strongly against this backdrop, briefly breaking above $62,000. However, it is not just Bitcoin that benefits; the entire cryptocurrency market is expected to experience a new wave of momentum under the loose monetary policy. It is important to note that, unlike traditional markets, Bitcoin's performance is more influenced by the liquidity of the dollar rather than changes in the U.S. economic outlook. This means that in the future loose monetary environment, Bitcoin may continue to be the preferred asset for investors seeking to hedge against inflation and seek safe havens.As the rate-cutting cycle continues, the cryptocurrency market may enter a longer period of upward momentum. Market volatility still exists, but this round of cryptocurrency trends may attract more funds and innovation into the field, pushing the entire crypto ecosystem into a new stage of development.

ChainCatcher news, investment bank Jefferies stated in a research report on Wednesday that Bitcoin mining profits in August were far lower than in July, as the average price of Bitcoin fell by more than 4%, while the average network hash rate increased by about 2.7%. The report also noted that September will be another tough month, as BTC remains below $60,000 and the network hash rate continues to rise.

ChainCatcher news, OKX Ventures partner Jeff Ren was invited to attend WebX2024 held in Tokyo, Japan yesterday, and participated in a roundtable forum themed "VC Perspective." The forum was hosted by Alex Shin, founder of Shin Labs, with other guests including Nao Kitazawa, partner at Eight Roads Ventures, and Diana Biggs, partner at 1kx, among other well-known Web3 investors. Jeff engaged in an in-depth discussion with everyone about OKX Ventures' investment strategy and insights on investment trends, emerging technologies, and the overall landscape of blockchain and crypto venture capital.Jeff emphasized OKX Ventures' focus on "crypto-native" projects. He stated that the team pays great attention to the actual utility of tokens within the blockchain ecosystem when selecting investment targets, and hopes that the tokens they invest in can truly integrate into their respective Web3 ecosystems. Additionally, as an investor, OKX Ventures will maintain a moderate level of involvement and will not excessively intervene in projects. He also believes that the development of the Bitcoin ecosystem will bring about more complex financial operations and value creation. As the boundaries between Bitcoin and other cryptocurrencies become increasingly blurred, new opportunities and innovations will emerge. Finally, Jeff encouraged all practitioners to continue to maintain their faith in innovation, actively seek like-minded partners, and work together to promote the development of blockchain technology. He firmly believes that in this field full of possibilities, the ceiling has not yet appeared, and true innovation has only just begun. In the future, OKX Ventures will continue to support innovative projects as always.

ChainCatcher news, according to Coindesk, Jefferies investment bank pointed out in its latest research report that due to the Bitcoin price dropping over 6% in July while the network hash rate remained stable, Bitcoin mining profits have slightly decreased compared to June. Jefferies lowered the target stock price for Marathon Digital from $22 to $17, but maintained a hold rating. The stock fell 0.7% in pre-market trading to about $15.The report shows that U.S.-listed mining companies produced more Bitcoin in July, accounting for 21.1% of the total network output, up from 20.7% in May. Analysts Jonathan Petersen and Joe Dickstein noted that the pace of new capacity additions by public companies has outstripped the growth rate of the network hash rate. Marathon Digital produced 692 Bitcoins in July, a 17% increase from the previous month, and its installed hash rate remains the largest in the industry.JPMorgan's report also pointed out that the global hash rate share of U.S.-listed miners reached a record high in July. August will be more challenging for miners as the Bitcoin price has dropped about 5% and the network hash rate has begun to grow again.

ChainCatcher news, according to the official announcement, Robinhood has appointed Jeff Pinner as Chief Technology Officer.Jeff Pinner was previously an engineer at Cruise. Before joining Cruise, Jeff worked at Lyft for nearly a decade, where he helped expand the company's engineering infrastructure, drove the development of its ride-sharing services, led its market organization, and most recently became Lyft's Chief Technology Officer.